SVIA

Glossary

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Employer-Initiated Event

Plan changes or certain other related events that are in the control of the employer (including, but not limited to, a plan’s termination, layoffs, or changes in a plan’s design), that may trigger participant withdrawals or transfers. These withdrawals or transfers are either not covered at book value or receive limited book value coverage by stable value investment contracts. (See also book value adjustment, market value adjustment, and market value events.)